National Republican., 1887-03-01
ss,7i3.45O 90
s9l,155 80
345,67s 70
an OgO O9i on

resources. s......... s45,67s 20
eI9sO, ,2Si 90
*0n account of these advances TO branch
and auxiliary lines there have been received
in securities ofthose companies, 81, ,9i3, ,S69.5i.
The principal OF the debt due to the state OF
the Main Line was reduced during the year by
the payment OF S347, ,s00.25 which was charged
TO capital account. The balance due on this
Under the provisions OF the consolidated
mortgage ofthe Company there were set apart,
on the first day of July last, out Of the net In
demption OF the outstanding bonds secured by
that mortgage. Their market value was too
high, however, to permit OF the purchase of
placed to The credit Of the trustees of the
sinking fund, making an aggregate OF S6F-
GO placed with them for investment; and they
have been able to invest a portion thereof in
well secured first mortgages upon real estate
bearing four per cent interest per annum.
The amount OF bonds purchased to date Is
sl,769,o7o at their par value, being the same as
reported last year. These sums, with the ao-
cfued interest thereon amounting to ,165,
make total In the sinking fund. January 1st,
1887, Of f2,327S65.
redemption of the obligations of the various
companies forming the United New Jersey
Railroad and Canal Company, securities of the
balance, uninvescd by the trustees, OF $39l 55
making nn aggregate investment OF $780,
S3.65, for which you Will In the future, In
accordance with The terms of the lease, re-
ceive bonds to be- issued under the general
mortgage OF that Company.
The trustees of the sinking fund for the re-
demption of the trust certificates Issued for
the purchase OF the shares Of the capital stock
OF the Philadelphia, Wilmington and Baltimore
Railroad Company were able TO purchase but
Sl02, ,000 OF such certificates during the past
year at the limit fixed in the trust agreement,
and therefore returned to your treasury S2ld,-
1923 Of the amount appropriated for that pur.
shows reduction in the amount OF outstand-
ing certificates equivalent to the certificates
redeemed The total amount OF these certiii-
Gates purchased and cancelled to Dec, 81, 1886,
Is 81 ,S2G,C COO, leaving outstanding SS.1T,00
Further provision was made. under the sys-
TEN Of Car Trusts, for the equipment of your
roads, BY the issue of s. 900 900 additional GER
tifcates, bearing interst at four per. cent per
annum. Under this arrangement there had
been furnished, up TO the close of the year. 2s05
long and hopper gondolas for the Main Line,
lines in which your Company is interested
leased to the orthern Central Railway Com
The outstanding certificates of Series of
the Car Trust of Pennsylvania. representing
1000 box cars, at q cost of si20 600, and bearing
and cancelled car during the W year. ar The cars cars thus thus
furnished had been sublet to the Pittsburgh,
Cincinnati and 81. Louis Railway Company,
and have been paid for and are now owned by
The 2O,6fI cars placed on the
lines east of Pittsburgh,
through the system of Car
Trusts represent a cost Off,. $40, ,Si3, $50 90
The 1887 cars west OF Pitts
burghi.. ... ...".."."........... 6,499370 90
The cars subleased to atiil-
lated lines, viz -
2031 cars Northern
Central Railway
Compsny.,......,". 81, ,O56, ,750 90
| $50 cars Allegheny
Valley Railroad
Company ..... 137.5OO 90
| 152 cars New York,
Philadelphia and
Norfolk Railroad
| Company.."."...... 100000 w - =.
--- 1921, $50 90
Total, 35, ,9S4 4cars...."......... slS,637,000 90
Total amount of
certificates re-
| deemed to De-
oember 3lst,
| 1886. as fol-
lows
| Amount paid In full
payment of 1924
! cars .................. s5,45i,00O 90
| Amount paid on &C.
count of 25,770
| cars ............... o,393,OOU w
| - 1854, 900 OF